[marc]

Ch.11

Ch.7 is next, you heard it here first.

 

[Motor]

That's what today the talking heads on CNBC were suggesting. We'll see.

Chrysler To Shutter Plants and Cut Dealers

full story
The Chrysler shutdown comes in the wake of word from General Motors earlier this month that it will shut down the lines at 13 assembly operations in North America for multiple weeks this spring and summer.

Nardelli said Chrysler is working "in harmony" with General Motors. "We're trying to make sure the suppliers are kept financially sound," he said. "It is one of the big challenges. It is one of the big unknowns as two of the three manufacturers in the U.S. go through this process."

At the same time, Chrysler said it plans to reduce the number of dealers.

Will Chrysler Be Renamed?

full story
"There hasn't been any thoughts or discussions," said now outgoing Chrysler Chairman and CEO Robert L. Nardelli during a Thursday press conference. "Let's keep using Chrysler for now."

Nardelli added: "We haven't given it a lot of thought from the standpoint of a new consolidated name. The plan would be to retain (Chrysler). It has tremendous brand loyalty and equity. Chrysler is a very appropriate name."

In a lengthy statement issued Thursday by Sergio Marchionne, CEO of the Fiat Group, the new entity was referred to several times as "NewCo" in a bizarre shorthand.

Chrysler Top Management Exits in Wake of Alliance With Fiat

full story
A major changing of the guard is part of the dramatic announcement of a Chrysler/Fiat alliance and Chrysler bankruptcy on Thursday. Chrysler Chairman and CEO Robert L. Nardelli said he plans to leave the company and return to parent Cerberus Capital Management as an advisor. Tom W. LaSorda, Chrysler president and vice chairman, said he will retire.

James Press, the former Toyota executive who is now Chrysler vice chairman and president, said during a press conference on Thursday that he has "had no thoughts or conversations" about leaving the automaker.

A replacement for Nardelli was not named.

Chrysler: Fiat Products Could Arrive in U.S. in 18 Months

full story
"We've done a lot of pre-work in terms of homologations and emissions," LaSorda told reporters during a press conference following the announcement of the Chrysler/Fiat alliance on Thursday. "Eighteen months is practical. Three years is fundamentally wrong. We can do it faster."

Industry observers, including longtime auto columnist Jerry Flint, have predicted that it will take up to three years for any Fiat-based Chrysler products to be sold in the U.S.

Bob Nardelli, Chrysler's outgoing chairman and CEO, said the Chrysler/Fiat alliance will result in a "much broader portfolio of products" for Chrysler. But a culling of products is to be expected, said executives in a Thursday press conference.
500

Bravo

Panda

I'd have no problem rocking the Fiat 500. It's a great design inside and out. The Panda looks decent, too.

 

[GSBoek]

Was about time.

 

[Sty09]

Who's next?

 

[Antithesis]

Good riddance to a bad business. That's what happens when blue collar workers get paid 60K, benefits, and retirement packages for a manual labor job.

 

[2000 XYR]

How is letting them shed all of their bad debt via bankruptcy laws much different than just handing them more bailout money? They will still be around, making cars, just like they were before. I don't see much changing.

 

[Entranced]

How is letting them shed all of their bad debt via bankruptcy laws much different than just handing them more bailout money? They will still be around, making cars, just like they were before. I don't see much changing.

gotta love how it works.... make a business fail and you get more money and tax rebates than if it was successful.

 

[marc]

How is letting them shed all of their bad debt via bankruptcy laws much different than just handing them more bailout money? They will still be around, making cars, just like they were before. I don't see much changing.

not if they enter Ch.7 liquidation.

which is what they should do. They don't make a single compelling vehicle.

 

[2000 XYR]

They won't reach Chapter 7. 11 will do them just fine for now. Drop all your debt? Cha-ching. Then carry on like normal.

 

[Zero]

Will they offer discounts on their vehicles?
I wonder if GM will do the same.
Like a sort of "going out of business" sale.

:wiggle:

Chevy's site seems to have been affected.

 

[dead_star04]

as long as the dumbasses dont get a bailout, so they can keep making crappy cars and doing bad business as usual with no repercussions

 

[lamboceliGTS]

^ socialism FTW.

It's about time they realized they offer crappy products.

 

[marc]

They won't reach Chapter 7. 11 will do them just fine for now. Drop all your debt? Cha-ching. Then carry on like normal.

you have to sell cars in order to be able to carry on like normal.

they don't sell any cars. Nobody wants their crapboxes. Not even American Apologists.

 

[Automaton]

^ socialism FTW.

Make that Stalinism. It would have to purely benefit the working class, not the corporate Chrysler pigdogs, in order to be socialism.

 

[lamboceliGTS]

Make that Stalinism. It would have to purely benefit the working class, not the corporate Chrysler pigdogs, in order to be socialism.

haha so true. Time will only tell what will happen.

 

[pilotace001]

...did Chrystler have ANY good cars as of late?
I cant think of any.... (there has to be at least 1......maybe?)

 

[lamboceliGTS]

...did Chrystler have ANY good cars as of late?
I cant think of any.... (there has to be at least 1......maybe?)

To be honest thats exactly what the american people are finally saying.

They are pretty much a worthless brand.

 

[34682]

hey quick Q guys i know Chrysler, dodge and jeep are affiliated i guess or same company whatever. Does that mean if Chrysler is slowly dieing that dodge and jeep are also going down too?

 

[lamboceliGTS]

I think they own Dodge, Plymoth, Jeep, Eagle, Mercedes-Benz, Maybach. I would think there would be a trickle down effect. But it all depends on what happens.

http://www.marketwatch.com/news/story/uaw-own-55-chrysler-wsj/story.aspx?guid=%7BB0605918-6344-4A2E-AD2A-F5861A24B7A6%7D

Sales are down and they are at a constant loss.

 

[silentchaos]

^^ less thinking, more knowing.